How to upload multiple files using PHP, jQuery and AJAX

Finally I have found the solution by using the following code:

$('body').on('click', '#upload', function(e){
        e.preventDefault();
        var formData = new FormData($(this).parents('form')[0]);

        $.ajax({
            url: 'upload.php',
            type: 'POST',
            xhr: function() {
                var myXhr = $.ajaxSettings.xhr();
                return myXhr;
            },
            success: function (data) {
                alert("Data Uploaded: "+data);
            },
            data: formData,
            cache: false,
            contentType: false,
            processData: false
        });
        return false;
});

HTML

<form enctype="multipart/form-data" action="upload.php" method="post">
    <input name="file[]" type="file" />
    <button class="add_more">Add More Files</button>
    <input type="button" value="Upload File" id="upload"/>
</form>

Javascript

 $(document).ready(function(){
    $('.add_more').click(function(e){
        e.preventDefault();
        $(this).before("<input name='file[]' type='file'/>");
    });
});

for ajax upload

$('#upload').click(function() {
    var filedata = document.getElementsByName("file"),
            formdata = false;
    if (window.FormData) {
        formdata = new FormData();
    }
    var i = 0, len = filedata.files.length, img, reader, file;

    for (; i < len; i++) {
        file = filedata.files[i];

        if (window.FileReader) {
            reader = new FileReader();
            reader.onloadend = function(e) {
                showUploadedItem(e.target.result, file.fileName);
            };
            reader.readAsDataURL(file);
        }
        if (formdata) {
            formdata.append("file", file);
        }
    }
    if (formdata) {
        $.ajax({
            url: "/path to upload/",
            type: "POST",
            data: formdata,
            processData: false,
            contentType: false,
            success: function(res) {

            },       
            error: function(res) {

             }       
             });
            }
        });

PHP

for($i=0; $i<count($_FILES['file']['name']); $i++){
    $target_path = "uploads/";
    $ext = explode('.', basename( $_FILES['file']['name'][$i]));
    $target_path = $target_path . md5(uniqid()) . "." . $ext[count($ext)-1]; 

    if(move_uploaded_file($_FILES['file']['tmp_name'][$i], $target_path)) {
        echo "The file has been uploaded successfully <br />";
    } else{
        echo "There was an error uploading the file, please try again! <br />";
    }
}

/** 
    Edit: $target_path variable need to be reinitialized and should 
    be inside for loop to avoid appending previous file name to new one. 
*/

Please use the script above script for ajax upload. It will work